Scotmid, the co-operative battling with the supermarket giants in the convenience store market, has reported a 15% fall in first-half operating profits to £2.2 million after a particularly tough summer trading period.
Scotmid, the co-operative battling with the supermarket giants in the convenience store market, has reported a 15% fall in first-half operating profits to £2.2 million after a particularly tough summer trading period.
TOUGH: Profits in retail outlets fell but property and funeral business were resilient. Picture: Gordon Terris
Custom byline text:
SIMON BAIN
But the group, which has almost 330 retail outlets mainly in Scotland across its food, pharmacy and perfume formats, continues to benefit from resilience in its funeral and property businesses, and insists performance has been "better than expected".
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